Source: 13F filing, Author. Here's what he said about the outlook for stocks and house prices, and the threat of a recession. Its selling for half of book value. Since 2013, Michael Burrys earnings have come from his second founded firm, Scion Asset Management. We put 7 burning questions to top economist David Rosenberg. The company staved off disaster by signing a $1 billion deal with Hudson Bay Capital and other institutional investors in February. $48 Million Michael Burry Portfolio / Scion Asset Management, LLC Refer a Friend and Earn One Month of Free Membership. BBBY shares peaked at $43 in January 2021, quadruple the price at which Burry owned them. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Click to continue reading and see 5 Stocks Big Short Michael Burry Is Buying and Selling. Qurate Retail, Inc. (NASDAQ:QRTEA) is engaged in the video and online commerce industries in North America, Europe and Asia. Well, its almost entirely because of a surprising July 25th twist that hardly anybodys talking about right now. We recorded equity method earnings from our investment in Kraft Heinz of $95 million in 2020, $493 million in 2019 and losses of approximately $2.7 billion in 2018. 'Big Short' Investor Michael Burry Reveals 5 Stocks He Bought in Q3 In this article, we discuss 13 stocks that Michael Burry is buying and selling. Further, strategic acquisitions (LMT acquired AJRD for $4 billion in late December), debt pay down, a 3% dividend yield, and continued share buybacks from $6 billion per year of free cash flow should lead to even greater shareholder returns.. Wells Fargos contribution to his stocks is 5.39%, with a value of $7,545,000. Among the hedge funds being tracked by Insider Monkey, Nebraska-based investment firm. In the fourth quarter of 2022, Michael Burry slashed his stake in Qurate Retail, Inc. (NASDAQ:QRTEA) by 70%, holding 1.50 million shares worth $2.4 million. We remain attracted to WWWs strong collection of brands and its fragmented customer base.. Sorry, no results has been found matching your query. Burry may have missed out on a big windfall by selling his stock, but he also avoided a dramatic decline. As the Supreme Court considers President Joe Biden's student loan forgiveness plan, Burry wrote in a series . However, he sold up in August, bagging an estimated $68 million profit. According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and Harris Associates held the biggest position in the company, comprising 4.3 million shares worth $1.3 billion. He maintained a Hold rating on the shares. Scion Asset Management has disclosed a total of 9 security holdings in their (2022 Q4) SEC 13F filing(s) with portfolio value of $46,536,925. The stock is currently selling for 66% of tangible book value. By clicking Sign up, you agree to receive marketing emails from Insider Burry's Scion firm held a $8 million stake in September 2019, and a $11 million stake in June 2020. The analyst advised investors to focus on defensive, high-quality, and recession-resistant companies, with a specific emphasis on those that are expected to perform relatively better. Michael Burry is widely known for predicting the 2008 Financial Crisis & Housing bubble, popularised in the Oscar Winning Movie "The Big Short" (2015). Burry's latest chart and comment suggest that he sees similarities between the current market surge and the one in early 2001, when interest rates were at 6%, and he expects both the S&P 500 and the Fed Funds rate to eventually drop, with the Fed cutting rates as the economy weakens and asset prices decline. Michael Burry Portfolio (2022 Q4) - Scion Asset Management - Valuesider Warren Buffett never mentions this but he is one of the first hedge fund managers who unlocked the secrets of successful stock market investing. Burry's purchases suggest he remained bullish last quarter. as well as other partner offers and accept our, Securities and Exchange Commission filing revealed. It's calculated by multiplying the share price by the number of outstanding shares. And it means its going to be harder than ever to hold onto any money you make. According to Insider Monkeys third quarter database, 53 hedge funds were long MGM Resorts International (NYSE:MGM), compared to 46 funds in the prior quarter. Market experts who closely follow Burry claim that this is a sign that he is preparing for a crash. 15 Dividend Growth Stocks with Highest Rates, 10 Most Promising EV Battery Stocks to Buy. Michael Burry Stock Portfolio: 10 Stocks He Sold The Qurate group is not a traditional e-commerce platform, neither does it provide traditional stores in the marketplace and malls. Actual Assets Under Management (AUM) is this value plus cash (which is not disclosed). Wells Fargo and Company is an American multinational company, with offices spread out in the entire country. On November 4, BofA analyst Jason Haas downgraded Qurate Retail, Inc. (NASDAQ:QRTEA) to Underperform from Neutral with a price target of $1.20, down from $4, after the company reported below-consensus Q3 revenue and OIBDA. 'Big Short' Star Michael Burry Bought Alibaba, MGM, JD.com Stock in Q4 10 Best Bank and Finance Stocks to Buy According to Mario Gabelli10 Best Diversified Stocks to Invest In10 Best SPACs to Invest In According to RedditDaily NewsletterHeadlineLockheed Martin Corporation (NYSE:LMT)Meta Platforms Inc. (NASDAQ:FB)Michael Burry Stock Portfolio Performance in 2021: 8 Best PicksNASDAQ:FBNASDAQ:KHCNow Inc. (NYSE:DNOW)NYSE:DNOWNYSE:LMTThe Kraft Heinz Company (NASDAQ:KHC)Yahoo FinanceShow moreShow less, Despite Joe Bidens age, raging inflation, and his dismal 45% approval level. He has portfolio has 5.89% in ALL, giving it a value of $8,245,000 in his portfolio. Hence, they collect and combine all these goods and portray their rich history through effectively utilizing media, providing an impactful shopping experience to its clients and customers. At the end of 2022, Scion only held nine stocks, and 56% of his portfolio was invested in . Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ: ) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund. However, they were still rated AAA (Investment grade) by many credit Agencies! BBBY has plummeted by more than 95% from its 2021 peak to below $2 a share today, reflecting the retailer's onerous debts, inventory woes, and warnings of potential bankruptcy. If you want to see more stocks in this selection, check out 5 Stocks Big . "The fall in wealth is unsurprising given the dramatic pivot in monetary policy that culminated in the worst performance for the traditional blended portfolio . Scion Asset Management's public equity portfolio is heavily concentrated. The forward yield was 2.65%. The next. As per 13F filings for the fourth quarter of 2022, Burry sold off his stake in CoreCivic, Inc. (NYSE:CXW), worth $6.40 million. Out of the many insurance companies based in The States, one of them is Allstate Corporation which also happens to be one of the leading companies. Lumen Technologies does not only deliver its services in The States; but, over the years, it has extended to Europe and the Middle East. Michael Burry is capturing headlines recently for predicting another stock market crash. If you choose to subscribe throughfool.com/parkev, he will earn some extra money that supports his channel. Portfolio value: $46M+ Period: 2022 Q4 Number of stock: 9 Update: 14 Feb 2023 Important Michael Burry's Portfolio 2021 Analysis (November 2021) Yet Burry tweeted an apparent warningthat the agreement could end badly. Having its headquarters located in California, it functions with only six clients in total. He offered a one-word piece of advice in late January: "Sell." Burry stopped betting against Cathie Wood's ARK and Tesla. 1-Year Performance. Gurus may be added or dropped from the GuruFocus site at any time. Once that happened, Burry warned buyers of meme stocks they were signing up for the "mother of all crashes." The Geo Group is best known to own the immigrant detention centers in The United States. a negative P/E ratio shows that the company is not profitable, and it shows how many years it would take the company to lose its entire market capitalisation if it did not change anything. @burrytracker. In the coming years, it can be said with conviction that Michael Burrys stocks portfolio is only to prosper more. He has even said that he even owns some coins. Here you can find the latest trades based on Burry's 13F filings and insider trades. Burry, a value investor who specializes in sniffing out bargains, may have determined the two companies' shares were oversold and likely to stage a comeback. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD). Here is what the fund said: NOW is a 2014 spinoff from National Oilwell Varco and has a 150-year legacy as a distributor to the oil and gas and industrial markets. This decision was made following the impressive Q4 gaming and revenue per available room metrics for the Las Vegas strip, as well as positive reports from competitors in recent weeks. In this article, we discuss the 4 best stock picks and portfolio performance of Michael Burry. Alibaba Group (BABA) Q3 2023 Earnings Call Transcript, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? 'Big Short' investor Michael Burry warns of 'terrible consequences for Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) is a California-based company that designs, develops, manufactures, and sells aerospace and defense products and systems in the United States. In Michael Burry's portfolio as of 31 Dec 2022, the top 5 holdings are (GEO) GEO GROUP INC/THE (25.02%), (BKI) BLACK KNIGHT INC (19.90%), (COHR) COHERENT CORP (11.31%), (BABA) ALIBABA GROUP HOLDING-SP ADR (9.46%) and (JD) JDCOM INC-ADR (9.05%). 13 Stocks Big Short Michael Burry Is Buying and Selling is originally published on Insider Monkey. Wells Fargo's Steven Cahall on January 30 increased Charter Communications, Inc. (NASDAQ:CHTR)s price target from $340 to $410 while maintaining an Equal Weight rating on the shares. 9 min read. He also revisits Burry's iconic bet against the housing bubble, and his GameStop, Tesla, and Ark wagers. The company announced a Q4 non-GAAP loss per share of $0.93 and a revenue of $681.25 million, missing market estimates by $1.03 and $72.71 million, respectively. He's also known for investingin GameStop before it became a meme stock,betting against Elon Musk's Tesla and Cathie Wood's flagship Ark fund last year, and making grim predictions about market crashes and economic catastrophes. If you want to skip our detailed analysis of these stocks, go directly to the Michael Burry Stock Portfolio Performance in 2021: 4 Best Picks. When energy companies reduce activity, NOW suffers. It indicates the company's profitability. Its distributions are conferred to many international countries, including Canada. Here you can find the latest trades based on Burry's 13F filings and insider trades. During the quarter, the company announced decisions to simplify its brand portfolio and reduce its workforce initiatives aimed at generating cost savings. It has been a favorite hedge fund stock for years. These methods of labor are deployed to meet the needs of mission-critical communications infrastructure. Burry's Scion Asset Management also purchased 100,000 shares of MGM, a position worth $3.4 million at last quarter's close. It also provides mental health and rehabilitation facilities. The rate at which the company's net income has increased to the same quarter one year ago. Israel Englanders, According to Insider Monkeys third quarter database, 53 hedge funds were long MGM Resorts International (NYSE:MGM), compared to 46 funds in the prior quarter. The portfolio numbers only nine equities, with The GEO Group accounting for 20.4% of its holdings. 14 min read. Some of the famous names that Burry sold in the third quarter include Alphabet Inc. (NASDAQ: ), among others. In Q4 2022, Michael Burry sold off his entire stake in Charter Communications, Inc. (NASDAQ:CHTR), worth $3 million. If Warren Buffetts hedge fund didnt generate any outperformance (i.e. To navigate the uncertain equity market in 2023, some of the stocks that Big Short Michael Burry is buying include Black Knight, Inc. (NYSE: According to Insider Monkeys Q3 data, 68 hedge funds were long Charter Communications, Inc. (NASDAQ:CHTR), and. Michael Burry has continuously seen gains and profits because of his predictions and far-reaching knowledge. Burry then added to that stake in the first and second quarter of 2021, increasing it by 99% and 21% respectively. Michael Burry said there will be "terrible consequences" if student debt is cancelled. Michael Burry - Scion Asset Management, LLC - Portfolio Holdings - Fintel In recent times, in its ownership, DISCA has added Food Network, Travel Channel, and HGTV. 52-week lows, etc. The Kraft Heinz Company (NASDAQ:KHC) is one of the worlds largest manufacturers and marketers of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The percentage indicates the payout in relation to the share price. Michael Burry's 2022 Portfolio: Top 5 Stock Picks Percentage of Stake Sold in Q4 2022: 100%. Liberty Latin America Ltd. (NASDAQ:LILA) provides fixed, mobile, and subsea telecommunications services. In this article, we discuss 13 stocks that Michael Burry is buying and selling. Replying to . Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Michael Burry's New Stock Picks - Yahoo! 'Big Short' legend Michael Burry invested in Bed Bath & Beyond at least The locations of these centers are Florida, Chicago, Minnesota, and Ohio. Feb 9. WDCs headquarters are situated in California, USA, regulating the manufacturing of hard disk drives. Congrats to all those Autopilot'ing the Burry Portfolio, you should be up on this position too . Ric Dillons Diamond Hill Capital is the leading stakeholder of the company, with 3.60 million shares worth $55.4 million. Scion Asset Management | Michael Burry's 6 Stock Portfolio Analyzed Michael Burry. For instance in 2015, by market capitalization, Wells Fargo became the worlds largest bank, leaving a very minimal margin with ICBC. Yet it's still a fraction of its size at the end of March, when it contained 11 stocks worth a combined $165 million excluding bearish put options that Scion held against 206,000 Apple shares. In its Q4 2020 investor letter, Berkshire Hathaway highlighted a few stocks and The Kraft Heinz Company (NASDAQ:KHC) was one of them. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. Burry also made famous multi-million dollar bearish bets against Tesla, Inc. (NASDAQ:TSLA) and ARK Innovation ETF (NYSE:ARKK), famously sparring with Elon Musk, the owner of the former, and Cathie Wood, the investor whose hedge fund, ARK Investment Management, is behind the latter. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. Fourth quarter adjusted EBITDA of $5.5 billion grew by 1.9% year-over-year. The current portfolio value is calculated to be $47.00 Mil. Both Alibaba and JD.com shares were hit hard last year by growing threats of government regulation, plus a wider exodus from risky technology stocks in the face of rising interest rates and a potential recession. Its performance is much better than ITA ( Morningstar.com gives it a four-star rating), and it . Considering revenue, WFC has been awarded the 30th position in the list of the worlds largest corporations, as reported by Fortune 500 in 2020. According to Insider Monkeys Q3 data, 18 hedge funds were long Wolverine World Wide, Inc. (NYSE:WWW), compared to 13 funds in the earlier quarter. 'Big Short' Investor Michael Burry Says Expect 'Tuition Hikes' If We He wrote, "This time is different," which is likely a dig at commentators who believe the current market rally is sustainable. The beta of the portfolio is 1.13. Scion Asset Managements Stake Value: $3,353,000. He was born in San Jose, California on June 19, 1971. Michael James Burry ( / bri /; born June 19, 1971) [2] is an American investor, hedge fund manager, and physician. He bought 75,000 shares of Chinese e-commerce firm JD.com, Inc. (NASDAQ:JD) and 50,000 shares of Chinese technology giant Alibaba Group Holding Limited (NYSE:BABA) in the December quarter. Burry is most famous for his billion-dollar bet against the mid-2000s housing bubble, which was chronicled in the book and movie "The Big Short." From his first company, Michael Burry was able to earn huge profits and positive returns from the beginning for his investors. "The Big Short" investor placed bets on Qurate Retail, Charter Communications, and other companies.. Burry had accurately predicted the collapse of both these bubbles. Administrative and Support and Waste Management and Remediation Services ($9.67 Million), Arts, Entertainment, and Recreation ($4.59 Million), Transportation and Warehousing ($2.6 Million), Mining, Quarrying, and Oil and Gas Extraction ($0), Professional, Scientific, and Technical Services ($0). Scion opened a new position in The Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter of 2020, buying nearly 600,000 shares at an average price of $32.46 per share. In addition to Black Knight, Inc. (NYSE:BKI), Alibaba Group Holding Limited (NYSE:BABA), and JD.com, Inc. (NASDAQ:JD), Burry added MGM Resorts International (NYSE:MGM) to his portfolio during the December quarter. Here are some interesting facts about the compnies in this portfolio: The average market cap is 33.7 Billion$, of which 80.62% are profitable with a P/E ratio of 45.11x. 3 Reasons to Sell Your Defense Stocks Now | InvestorPlace It occupies a good share of 5.94% in his investments, totaling a value of $8,309,000. At the end of the third quarter of 2021, 51 hedge funds in the database of Insider Monkey held stakes worth $1.2 billion in Lockheed Martin Corporation (NYSE:LMT). Yearly payout to shareholders per share. That year Buffetts hedge fund returned 10.4% and Buffett took only 1.1 percentage points of that as fees. automatically! Michael Burry has invested in some of the most spread-out and wealthiest companies in all the U.S. Earlier in August, Burry had also sparred with Wood. In case the buy price of a purchase wasn't reported, the average price during the reported period is taken. 10 Best Stocks to Buy According to Michael Burry - Yahoo! He founded the hedge fund Scion Capital, which he ran from 2000 until 2008. The Partnership has been a buyer at these levels., Scion Asset Managements Stake Value: $2,063,750. The fund switched out all but two of its six previous holdings; Geo Group and Qurate Retail were the only survivors. The contribution of RPT Realty in his stock portfolio is 6.18% and has a substantial value of $8,650,000. Michael Burry is one of the most famous & successful money managers in history & has a personal Net worth of over $300 Million. The investor of "The Big Short" fame may have spied value in beaten-down Chinese tech stocks. Current Michael Burry Portfolio November 2022 (New Holdings) Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. On the other hand, its headquarters are stationed in California and Manhattan the two hubs of America. Is Alibaba Stock a Buy After Q4 Earnings? Mortgage Backed Securities (MBS) are a collection of Home loan mortgages compiled together to create an investment security. Michael Burry is a legendary investor & hedge fund manager. Overall, Burry's US stock portfolio ballooned in size to $41.3 million, compared to only $3.3 million at the end of June. Burry recently shared a chart on Twitter that shows the S&P 500's significant drop between February 2001 and October 2002, along with the decline in the Federal Reserve's benchmark interest rate during that time. On January 9, Truist analyst Michael Ciarmoli raised the firm's price target on Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD) to $58 from $45. As of June 30th, NOW had $269 million of cash and no debt ($497 million market cap), although if demand recovers as we expect, some cash will be reinvested in working capital. Meta Platforms, Inc. (NASDAQ:FB) has featured in the Scion portfolio since early 2020. The active rig count in the U.S. is at all-time lows. However, despite many misconceptions he is currently not a Billionaire officially yet. QRTEA consists of seven brands that are always ahead of its competing forces. Out of these private investment funds, investors may be individuals with high net worth, a fund of hedge funds, and organizations indulged in charity work. The company operates through C&W Caribbean and Networks, C&W Panama, Liberty Puerto Rico, VTR, and Costa Rica segments. Warren Buffett took 25% of all returns in excess of 6 percent. He also scooped up 75,000 American Depositary Receipts (ADR) of JD.com, worth $4.2 million at the end of last year. SkyWest, Inc. (NASDAQ:SKYW) was incorporated in 1972 and is headquartered in St. George, Utah. *Stock prices used were the afternoon prices of Feb. 14, 2023. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Ken Griffins, According to Insider Monkeys data, 14 hedge funds held stakes worth $58.4 million in Liberty Latin America Ltd. (NASDAQ:LILA) at the end of September 2022, compared to 20 funds in the prior quarter worth $77.4 million. Warren Buffett has been investing and compounding for at least 65 years. to generate high returns in the 20% to 30% range. In a free sample issue of our monthly newsletter we analyzed Warren Buffetts stock picks covering the 1999-2017 period and identified the best performing stocks in Warren Buffetts portfolio. On January 10, Wells Fargo analyst Matthew Akers maintained an Equal Weight rating on Lockheed Martin Corporation (NYSE:LMT) stock and raised the price target to $379 from $340, underlining that new programs that were transitioning to production would cut the risks to legacy rotorcraft platforms marketed by the firm. Now Inc. is a company that has a significant role in the energy sector that supplies oil and gas globally to several markets. However, many of the loans inside these mortgage Backed securities (MBS) were given to many home owners with bad credit and even no job! The analyst noted that a focus on higher margin manufacturers and end markets was driving this improvement for NOW Inc. (NYSE:DNOW) that looked set to continue in 2022. Furthermore, Qurate Retail Group can reach 218 homes across the globe, just by using the television. Michael Burry expanded his US stock portfolio from a single holding to six last quarter. My Top Michael Burry Stock to Buy Now in March | Super Investors. In this regard, the Geo group has raised its value up to $7,488,000. He famously bet against the real estate market in 2008 which is documented in the movie "The Big Short", based on the best-selling book by Michael Lewis. 13F quarterly reports, 13D/G beneficial ownership reports and form 4 insider ownership change reports. The business is highly predictable so there havent been any surprises on the operational front, and virtually all of its floating-rate debt has been swapped, thereby protecting it from this years rapid rise in interest rates. Burry swapped out all but two of the holdings in his US stock portfolio. $48 Million Total portoflio value. These were called "NINJA loans": "No Income No Job". The success of Burry is an exception in the world of finance that. Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. At the end of September, the fund owned 30,000 shares of Lockheed Martin Corporation (NYSE:LMT) worth $10.3 million, representing close to 25% of the portfolio.